Post Utme Igbinedion University 2021 Commerce Question 22

Practice objective / multiple choice question 22 from the 2021 Post Utme Igbinedion University Commerce examination.

Post Utme Igbinedion University 2021 Commerce Objective / Multiple Choice
Question 22 POST_UTME_IGBINEDION_UNIVERSITY • 2021 • COMMERCE • objective

In the context of production and specialization, which of the following is an example of a comparative advantage?

Answer Options

A. A country producing more of a good than another country
Correct Answer B. A country producing a good at a lower opportunity cost than another country
C. A country producing a good at a higher opportunity cost than another country
D. A country producing a good at the same opportunity cost as another country
Correct Answer
B
Correct Option:
A country producing a good at a lower opportunity cost than another country

About This Question

This is Post Utme Igbinedion University 2021 Commerce Question 22. It is one of the objective questions from the 2021 Post Utme Igbinedion University Commerce examination.

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